Counterfeiting banknotes is a crime under Australian law. Although counterfeiting in
Australia remains modest by international standards, the rate of counterfeiting has been
rising in recent years as counterfeiters have increasingly taken advantage of developments
in printing and copying. To ensure that counterfeiting remains low and banknotes remain a
secure payment method, the Reserve Bank of Australia is issuing a new series of banknotes
with upgraded security features. This article discusses trends highlighted by the Reserve
Bank's ongoing monitoring and analysis of banknote counterfeiting activity in Australia.